The U.S. Department of Labor has filed a lawsuit against Nationwide Supply Inc., under operation as Business Outfitters in Cheyenne, Wyo., as well as Guy Baldino, the company's president and owner, for not depositing employee contributions into the company's pension plan, which violates the Employee Retirement Income Security Act.

This suit comes after an investigation by the Kansas City Regional Office of the department's Employee Benefits Security Administration.

"The money withheld from these workers for their retirement savings belongs to them and may not be diverted or used for other purposes," says James Purcell, EBSA's regional director in Kansas City. "We are seeking the recovery of all of these employees' hard-earned money, so it can support them in their later years."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.